The Central Bank of Kenya (CBK) slashed the key lending rate by the largest margin since the onset of the Covid-19 pandemic but banks are tightening their lending standards amid concerns over availability of credit. On Tuesday the CBK cut the benchmark interest rate by 75 basis points from 12.75 percent to 12 percent, after…...
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Kenya’s Central Bank cuts rate by biggest margin since the Covid-19 pandemic
A general view shows the Central Bank of Kenya headquarters building along Haile Selassie Avenue in Nairobi. © DR
Muthoga Mungania
Muthoga Mungania is an award-winning, Nairobi-based multimedia journalist covering economic, corporate, financial, tech and investor relations matters among other business stories. Muthoga is seasoned in data and market analysis, corporate finance, and economic trends, making them a trusted voice in East African business journalism, communications and consultancy.
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